DELEK LOGISTICS PARTNERS Reports Q2 FY2023 Earnings Results on August 7, 2023
August 15, 2023
🌥️Earnings Overview
DELEK LOGISTICS PARTNERS ($NYSE:DKL) announced their earnings results for the second quarter of FY2023, which ended on June 30 2023, on August 7 2023. Total revenue was USD 246.9 million, a decrease of 7.4% year over year. Net income was USD 31.9 million, down 0.8% from the same period in the previous year.
Price History
On Monday, August 7th, 2023, DELEK LOGISTICS PARTNERS reported their second quarter fiscal year 2023 earnings results. Upon the report’s release, DELEK LOGISTICS PARTNERS stock opened at $40.7 and closed at $36.6, representing a plunge of 11.0% from their last closing price of 41.1. The steep drop in stock prices can be attributed to lower than expected earnings and a lack of growth in the sector. Analysts have pointed to a slow start to the fiscal year for DELEK LOGISTICS PARTNERS which has hampered their ability to deliver on the growth they had forecasted. Despite their current struggles, DELEK LOGISTICS PARTNERS is confident in their long-term outlook and plan to remain focused on delivering strong and consistent financial performance in the coming quarters.
In response to the news, investors have responded with more caution and have been wary of investing in DELEK LOGISTICS PARTNERS stock. Despite this, some analysts believe that the company still has potential and may be able to turn the ship around with a focus on cost containment and operational improvements. As such, investors should wait until more clarity is available before making any investments in the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for DKL. More…
| Total Revenues | Net Income | Net Margin |
| 1.05k | 156.64 | 14.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for DKL. More…
| Operations | Investing | Financing |
| 122.91 | -166 | 36.99 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for DKL. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.69k | 1.82k | -2.97 |
Key Ratios Snapshot
Some of the financial key ratios for DKL are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.7% | 18.3% | 26.2% |
| FCF Margin | ROE | ROA |
| 1.5% | -139.8% | 10.2% |
Analysis
At GoodWhale, we recently conducted a thorough analysis of DELEK LOGISTICS PARTNERS. After a risk rating assessment, we determined that it is a medium risk investment in terms of both financial and business aspects. While the overall risk rating assessment is favorable, we noticed two possible risk warnings in the income sheet and financial journal. For those interested in investing, we strongly recommend that you register with us to review these risk warnings. Ultimately, investors need to keep their eyes open and conduct their own examination of DELEK LOGISTICS PARTNERS. We hope that our analysis can help you make a well-informed decision about whether this is a suitable investment for you. More…
Peers
Delek Logistics Partners LP and its competitors, PBF Logistics LP, Shell Midstream Partners LP, TORM PLC, are all engaged in a highly competitive market. Each company is striving to gain market share and increase profits. In order to do this, they are constantly innovating and improving their operations. As a result, the competition between these companies is fierce and the margin for error is very slim.
– PBF Logistics LP ($NYSE:PBFX)
PBF Logistics LP is a publicly traded master limited partnership that owns, operates, and develops crude oil, refined products, and natural gas liquids (NGL) storage and transportation assets. PBF Logistics LP is headquartered in Parsippany, New Jersey. The company was founded in 2013 and has a market cap of $1.36 billion as of 2022. The company’s return on equity is 40.3%. PBF Logistics LP owns and operates crude oil storage tanks and terminals, refined product storage tanks and terminals, and NGL storage tanks and pipelines. The company’s assets are located in the United States.
– Shell Midstream Partners LP ($NYSE:SHLX)
Dormant for much of the past decade, British energy company BP plc (NYSE:BP) has awakened in recent years, growing its production and making a major acquisition.
The company’s market cap is $17.22B as of 2022 and its ROE is 17.86%.
BP is one of the world’s largest oil and gas companies, providing fuel for transportation, energy for heat and light, retail services and petrochemicals products for customers around the world. The company has operations in more than 70 countries and employs more than 74,000 people.
Summary
Delek Logistics Partners reported their second quarter results for FY2023 on August 7 2023. Total revenue for the quarter was USD 246.9 million, a decrease of 7.4% year over year. Net income was USD 31.9 million, a slight drop of 0.8% compared to the same period last year. This news caused the stock price to move down the same day.
Investors should consider the current market conditions and research the company’s fundamentals before making an investing decision. Analyzing the company’s cash flows, debt levels, and capital structure is key to understanding the potential risks and rewards associated with investing in Delek Logistics Partners. Investors should also keep an eye on the company’s future growth potential and its ability to create shareholder value over time.
